FSC chief says ready to activate 10 trillion won stock market stabilization fund
Kim Byung-hwan, chairman of the Financial Services Commission, leaves an emergency meeting on macroeconomic and financial issues at the Bankers' Hall in Seoul, Wednesday. Newsis
By KTimes
Kim Byung-hwan, chairman of the Financial Services Commission, said Wednesday the financial authorities are ready to activate a 10 trillion won ($7.16 billion) stock market stabilization fund and other measures immediately to address market concerns.
His remarks followed the stock market's reopening after President Yoon Suk Yeol’s abrupt martial law declaration, which briefly disrupted daily life and raised concerns about democracy in 2024, despite being quickly rescinded by parliament.
This article from the Hankook Ilbo, a sister publication of The Korea Times, is translated by a generative AI and edited by The Korea Times.